New York: With bulldog tenacity and a savvy shift down-market, Land Rover came out on top of the US auto market in 2015, the industry’s busiest year since the horse and buggy.

The blue-blood British brand, owned by Tata Motors, sold 70,582 vehicles in the US last year, a 37% increase over its 2014 tally. No other major car maker accelerated as quickly, as the industry overall notched a 5.2% increase in vehicles sold.

New Delhi: Capital market regulator Securities and Exchange Board of India (Sebi), looking to speed up the recovery process against the Sahara Group, on Wednesday requested the Supreme Court (SC) for an early hearing of its plea seeking appointment of a receiver to take control of the group’s assets.

The court will hear the case on 2 February, potentially setting a timeline for the recovery process.

Bajaj Auto Ltd, India’s largest exporter of motorcycles and three wheelers, will enter a dozen new export markets by end of March, a top company official said in an interview on Tuesday.

The maker of Pulsar and Avenger motorcycle brands has reported a decline in exports volume in the last few months because of political and economic uncertainties in some of its export markets, particularly in oil-producing emerging markets.

The benchmark BSE Sensex extended losses on a fourth straight day as it fell by over 378 points while NSE Nifty dipped below the 7,700 level in early deals as further sell-off in China forced the market to halt trading for the second time this week. In addition, weakness in the rupee against the American currency too weighed on the sentiment.

Asian markets were in deep red with Shanghai shares crashing 7.32 per cent, forcing authorities to suspend trading, less than half an hour after opening. The fall came amid worries over slowing growth in the world’s second-largest economy, which have roiled investors worldwide, and with pressure on its currency from capital outflows.

NEW DELHI: In a major move to deter plying of overloaded vehicles on highways, the National Highways Authority of India (NHAI) has decided to force them off the road till the extra load is removed at the cost and risk of transporters.

This will be in addition to levying of penal charges of ten times the applicable fee at the toll plazas that is presently being imposed on overloaded vehicles, an official statement said.

NEW DELHI: Reliance Industries(RIL) has challenged the jurisdiction of a panel examining Oil and Natural Gas Corp's (ONGC) allegations that it pumped out gas from the state-run firm's field, and has argued that the dispute should be resolved by arbitration.

It has also challenged the oil ministry's decision to intervene in the dispute by setting up a committee, headed by Justice AP Shah.

ICICI Bank, the country's largest private sector lender, today picked up 1.95 million shares of United Breweries Limited for a little over Rs 186 crore through an open market transaction.

The shares were offloaded by United Breweries (Holdings) Ltd, a promoter of United Breweries.

Shares of State Bank of India (SBI), Axis Bank, ICICI Bank, Larsen & Toubro (L&T) and Bharat Heavy Electricals Limited (BHEL) are among five Sensex stocks to hit their respective 52-week lows on the Bombay Stock Exchange (BSE) after the benchmark index dropped more than 1% today.

The NSE Nifty 50 index and the BSE Sensex have fallen more than 1% in early morning trade after China's regulators halted trading for the day following a sharp plunge in Chinese shares.

The CMD of BSNL, Anupam Shrivastava stated that the company at present neither has a 4G service, nor do the relevant spectrum to launch this service. Also to deal with this challenge, they are working on a scheme to set up 40,000 Wi-Fi Hotspots in the country, as he claims it to be faster than 4G services.

Though it is not clear if people not using BSNL telecom services will be able to use that Wifi or not. Also, in November the company tied up with social media giant Facebook to create Wifi hotspots for rural areas and the Zuckerberg owned company will fund them with Rs 5 crore every year to buy the bandwidth from the company.

Reliance Industries (RIL) have moved higher by 3% at Rs 1,034, its highest level since July 2015 on the National Stock Exchange (NSE), in an otherwise subdued market.

The stock is 3% away from its 52-week high of Rs 1,068 touched on July 23, 2015 in intra-day trade. It outperformed the market by gaining 17% from its recent low of Rs 916 on December 9 as compared to 2.2% rise in Nifty 50 index.

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